4697 W Park Ave is aland property for lease in Houma, LA.
~1 Acre commercial lot that sits at the entrance of Southern Estates Subdivision, a 288-lot development that is almost 100% built-up. This tract offers a multitude of uses to take advantage of its strategic position in between Houma and the US 90 (Future I-49) Energy Corridor.
Elevation is an important factor in Terrebonne and this lot has an elevation of 11.6'. It lies completely in current flood zone C and completely within proposed DFIRM flood zone X.
The lot has 168' of frontage on West Park Ave. (LA Highway 24), a two-lane highway heading north one-way with a traffic count of 16,058 cars per day. West Main St. (LA Highway 24) runs south across the bayou and has a traffic count of 16,859 cars per day. This is a combined traffic count on LA Hwy 24 of 32,917.
Additional residential development within a 2-mile radius includes Northpark Subdivision (67 residential lots in Phase 1 developed), Williamsburg Subdivision (68 residential lots in Phase 1 developed), Highland Oaks (239 residential lots being developed), and Wallace J. Thibodaux Estates (final phase of 74 residential lots being developed to the 178 existing, developed lots).
Nearby commercial/Industrial development at US Hwy 90 interchanges includes a new corporate headquarters for Danos, a 60-acre complex for Schlumberger, light industrial office parks with dozens of new buildings, a new plant and offices for K+B Machine and also Hunting off of Hwy 311, and a new office for Laborde Marine.
The Houma-Thibodaux MSA consistently has one of the lowest unemployment rates in Louisiana and has an 8 Parish retail draw of almost 450,000 people. It was recently ranked #6 of all nationwide mid-sized MSA’s by Area Development Magazine (May 2013) and was #24 overall out of 380 MSA’s in the U.S. This follows a January 2013 article in Forbes magazine naming Louisiana “America’s New Frontier for Business Opportunity”. In 2014, Houma was ranked as the 2nd Happiest Place to live in the U.S., Louisiana was ranked #1 in Business Climate by Business Facilities Magazine and #2 in Business Climate by Site Selection Magazine.
For additional information, please contact the listing agent, Hank Babin at 985-804-9991.
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